HomeMy WebLinkAbout12/15/1994SCITY OFAPPLE VAT/RY
Dakota County, Minnesota
December 15, 1994
Minutes of the special meeting of the City Council of Apple Valley, Dakota
County, Minnesota, held December 15th, 1994, at 6:50 o'clock p.m. at Apple
Valley City Hall.
PRESENT: Mayor Branning; Councilmembers Erickson, Goodwin, Humphrey, and Sterling.
ABSENT: None.
City staff members present were: City Administrator Gretz, City Clerk
Mueller, City Attorney Sheldon, Finance Director Ballenger, Personnel Director
Boland, Fire Chief Calvin, Parks & Recreation Director Johnson, Community
Development Director Kelley, Public Works Director Miranowski, Arena Manager
Pietig, and Police Chief Willow.
Mayor Branning called the meeting to order at 6:55 p.m.
Steve Mattson, of Juran & Moody, the City's financial consultant, re- BOND SALE
viewed the details of the proposed sale of equipment certificates.
Juran & Moody is offering a negotiated sale at an average coupon rate of 5.3349
percent for the five-year issue.
MOTION:
of Goodwin, seconded by Sterling, adopting Resolution No.
1994-367 accepting the offer of Juran & Moody, Inc., at an
average coupon rate of 5.3349 percent, to purchase
$1,415,000 General Obligation Equipment Certificates of
1995 and providing for the terms and conditions of
issuance. Ayes - 5 - Nays - 0.
RES. 1994-367
AWARD SALE
$1,415.000 BDS
MOTION: of Erickson, seconded by Humphrey, to adjourn. Ayes - 5 - Nays - 0.
The meeting was adjourned at 7:00 o'clock p.m.